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Those who think the bank bailouts aren't the big problem may want to read this famous article, "The Great American Bubble Machine"[1]. [1] http://www.rollingst

• anamax 15y ago
  That article doesn't argue that bank bailouts were the big problem. It argues that bank influence, specifically Goldman Sachs, is the big problem. There is a difference. As I wrote, the bank bailouts weren't a huge money-suck and the subprime crisis wouldn't have happened without govt intervention. (We can argue about why govt intervened, but that doesn't change the fact that it did.) You can't say either about the other govt bailouts. Note, I'm excluding the GSE's (like Fannie Mae) bailout from "made money" - that is still losing money.